Industry News
China’s EV Boom Saddles its Auto Insurers With Chronic Losses
China's giant electric vehicle insurance market is flailing. Losses are piling up, as companies' risk models haven't kept up with changes in vehicle economics and driver behaviors. The country now ...
The MEMIC Group to Acquire The Dakota Group, Including Risk Administration Services
Workers compensation specialty insurer The MEMIC Group, led by parent company Maine Employers' Mutual Insurance Company, has entered into an agreement to acquire The Dakota Group, including Risk ...
Insurance Industry Reps Back Reauthorization of Federal Terrorism Backstop
Marsh McLennan lost 358 employees in the terrorist attack on the World Trade Center on Sept. 11, 2001, and in Washington last week Michelle Sartain, who has worked at Marsh for more than 28 years, ...
Behavioral Issues Hamper Outcomes in Workers With Shoulder, Knee Injuries
A new study by the Workers Compensation Research Institute (WCRI) highlights how psychosocial risk factors, such as fear of movement, poor coping skills and low mood, can significantly impact ...
Executives on the Move at AmTrust, SiriusPoint
AmTrust Financial Services Inc., headquartered in New York City, appointed Curt Fletcher as senior vice president and Matt Thomas as vice president of AmTrust's newly established E&S Premier ...
Travelers, Nationwide Leap Up in J.D. Power Renters Insurance Ranking
In spite of the fact that almost half of homeowners insurance customers faced higher premiums in 2025, the average customer satisfaction score tallied by J.D. Power barely budged from the average in ...
Exclusive Member of Reinsurance Class of 2025: Duperreault’s Cedar Trace
There are certain traits of hard reinsurance market cycles: prices rise, terms and conditions tighten, and new Bermuda reinsurers are formed to help fill capacity needs -- known in the past by the ...
More Than Half of Policyholders Cite Fast Payouts as Top Priority in Disaster Claims: Survey
A new survey has found that insurers with quick claims resolution and streamlined processes are best positioned to meet expectations and build brand loyalty. Insurity's 2025 Severe Weather P&C ...